WAEC Economics Past Questions & Answers - Page 176

876.

Age distribution is important because it helps the government to

A.

Check rural-urban drift

B.

Determines the number of foreigners

C.

Determines the number of factories

D.

Undertake effective planning

Correct answer is D

No explanation has been provided for this answer.

877.

Which of the following determines the size of a country's population?
I. Birth rate
II. Death rate
III. Migration rate
IV. Importation rate
V. Unemployment rate

 

A.

I, II and V

B.

II and IV

C.

I, II and IV

D.

IV and V

Correct answer is C

No explanation has been provided for this answer.

878.

One main benefit of partnership is

A.

The possibility of raising funds on the stock exchange

B.

The possibility of attracting twenty one or more members

C.

That members can specialize in various functions

D.

That it enjoys its own separate legal entity

Correct answer is C

No explanation has been provided for this answer.

879.

The market structure in which the operation are many and none of them can influence the price is

A.

Imperfect market

B.

Perfect market

C.

Oligopolistic

D.

Stock market

Correct answer is B

No explanation has been provided for this answer.

880.

For both the monopolist and the perfectly competitive firm, profit maximizing output occurs at the point where the

A.

Marginal cost curves cuts the marginal revenue curve from below

B.

Marginal revenue curve cuts the marginal output from above

C.

Marginal cost curve intersect the X-axis

D.

Marginal revenue curve intersects the Y-axis

Correct answer is A

No explanation has been provided for this answer.